Richmond Roofing (Single Ply) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04218581 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RICHMOND ROOFING (SINGLE PLY) LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

D L Miller

Mrs C Miller

SECRETARY:

Mrs C Miller

REGISTERED OFFICE:

Unit 37

Batley Business Park

Technology Drive

Batley

West Yorkshire

WF17 6ER

REGISTERED NUMBER:

04218581 (England and Wales)

ACCOUNTANTS:

Bradbury & Co

Chartered Tax Advisers and Accountants

Driffield

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Richmond Roofing (Single Ply) Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Richmond Roofing (Single Ply) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Richmond Roofing (Single Ply) Limited and state those matters that we have agreed to state to the Board of Directors of Richmond Roofing (Single Ply) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Richmond Roofing (Single Ply) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Richmond Roofing (Single Ply) Limited. You consider that Richmond Roofing (Single Ply) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Richmond Roofing (Single Ply) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bradbury & Co

Chartered Tax Advisers and Accountants

Driffield

8 August 2025

FIXED ASSETS

Tangible assets

4

118,737

129,325

Investments

5

499

Investment property

6

503,000

622,236

632,824

CURRENT ASSETS

Stocks

50,000

Debtors

7

1,188,252

1,396,901

Cash at bank and in hand

1,059,521

1,016,224

2,297,773

2,463,125

CREDITORS

Amounts falling due within one year

8

(283,416

)

(504,958

)

NET CURRENT ASSETS

2,014,357

1,958,167

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,636,593

2,590,991

PROVISIONS FOR LIABILITIES

(19,412

)

(20,912

)

NET ASSETS

2,617,181

2,570,079

CAPITAL AND RESERVES

Called up share capital

501

Other reserves

499

Retained earnings

2,616,181

2,569,079

SHAREHOLDERS' FUNDS

2,617,181

2,570,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by:

D L Miller - Director

1.	STATUTORY INFORMATION

Richmond Roofing (Single Ply) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

5% on cost

Plant and machinery etc

-

25% on reducing balance

Investments

Investment property is accounted for in accordance with FRS 102 and accordingly is stated at fair value. In accordance with FRS 102 no depreciation is charged in respect of freehold investment property. This policy represents a departure from the requirements of the Companies Act 2006, to provide systematic annual depreciation for fixed assets. However, as the property is held for investment, the directors consider this policy necessary to give a true and fair view. The directors have concluded that the financial statements present fairly the entity's financial position. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the investment property is sold.

Listed investments are included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the investments are sold.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

33,091

269,990

303,081

Additions

-

23,381

Disposals

-

(13,605

)

(13,605

)

At 31 December 2024

33,091

279,766

312,857

DEPRECIATION

At 1 January 2024

6,620

167,136

173,756

Charge for year

1,655

31,314

32,969

Eliminated on disposal

-

(12,605

)

(12,605

)

At 31 December 2024

8,275

185,845

194,120

NET BOOK VALUE

At 31 December 2024

24,816

93,921

118,737

At 31 December 2023

26,471

102,854

129,325

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

499

NET BOOK VALUE

At 31 December 2024

499

At 31 December 2023

499

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

503,000

NET BOOK VALUE

At 31 December 2024

503,000

At 31 December 2023

503,000

Investment property was valued on an open market basis on 31 December 2024 by the directors.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

503,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

1,030,862

1,303,765

Other debtors

157,390

93,136

1,188,252

1,396,901

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

207,272

327,840

Taxation and social security

22,072

117,552

Other creditors

54,072

59,566

283,416

504,958

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

Within one year

30,438

22,989

Between one and five years

19,332

11,106

In more than five years

19,332

-

69,102

34,095